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Straits Financial extends Eventus deal

20 February 2019

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Source: Eventus Systems

Eventus Systems, Inc. a leading global trade surveillance and market risk platform provider, announced today that Singapore-based Straits Financial Group Pte Ltd - which became a client in May 2018 for its U.S. subsidiary, Straits Financial LLC - has just expanded the relationship by signing on to the Validus trade surveillance and risk management platform for its Singapore headquarters.

Straits Financial Group is the brokering division of the CWT Group, a leading global provider of integrated commodity services.

Eventus CEO Travis Schwab said: "We began our expansion into the APAC region last year with a presence in Singapore, and we're thrilled to build on our relationship with Straits after the firm's U.S. operation has seen what a tremendous difference our Validus platform can make. We will continue to grow our footprint in the region, adding to our Asian gateways and leveraging our sales presence in Singapore."

Said Paul Fry, Chief Operating Officer of Straits Financial LLC: "Our team looked at a wide range of platforms to find a solution that would fulfill our stringent regulatory requirements. We chose Eventus because the firm met our needs for processing trade-lifecycle data from dozens of exchanges on multiple platforms, with a flexible user interface and a powerful reporting tool. We have been pleased with the Eventus team throughout the evaluation process, both in terms of responsiveness and domain knowledge."

Available as an on-premise or cloud solution, Validus provides comprehensive market surveillance and trading risk management for firms and marketplaces in global futures, equities, equity options, fixed income, foreign exchange and cryptocurrencies. Validus helps firms monitor for unwanted behavior such as spoofing, layering and wash trading as well as comply with the requirements imposed by exchanges across the globe.

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